Lately I've found myself acquiring more of a taste for French dairy and water company Danone (NYSE: DA). And if current rumors are true, so has PepsiCo (NYSE: PEP).

Danone's shares spiked up more than 10% on Tuesday on renewed rumors that PepsiCo was preparing a bid to take over the company. This follows a related rumor from earlier in July when a French magazine reported that PepsiCo had bought a 3% stake in the company -- something PepsiCo denied at the time...

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